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06/03/2021 19:28 GMT+7
HCM City wants to attract more private investment instead of relying on official development assistance (ODA) to build its remaining metro lines, but experts have said that it faces a difficult challenge.
The inside of a passenger train carriage for Metro Line No.1 in HCM City. The city is seeking more private investment to build its metro lines.
Dr. Vu Anh Tuan, director of Viet Duc Transport Research Centre, said the city was facing hurdles finding private investors for the metro lines.
“Investors are hesitant because these metro projects are all done on a massive scale and require a huge amount of capital, while revenue from ticket sales is not enough to cover operating costs,” he said.
Update: March, 06/2021 - 07:44 | The inside of a passenger train carriage for Metro Line No.1 in HCM City. The city is seeking more private investment to build its metro lines. VNA/VNS Photo Tiến Lực HCM CITY HCM City wants to attract more private investment instead of relying on official development assistance (ODA) to build its remaining metro lines, but experts have said that it faces a difficult challenge. Dr. Vũ Anh Tuấn, director of Việt Đức Transport Research Centre, said the city was facing hurdles finding private investors for the metro lines. “Investors are hesitant because these metro projects are all done on a massive scale and require a huge amount of capital, while revenue from ticket sales is not enough to cover operating costs,” he said.